If output capital and labour all grow at the same rate the economy is on the ___________ growth path.

Name: If output capital and labour all grow at the same rate the economy is on the ___________ growth path.
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Question

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When output, capital, and labor all grow at the same rate, the economy is said to be on a steady-state growth path. This implies that the economy is growing at a constant rate without changing the capital-labor ratio, a key characteristic of steady-state growth in economic models.

If Output Capital and Labour All Grow at the Same